Which set of reforms expanded federal power over the economy and financial system in 1913-14?

Which set of reforms expanded federal power over the economy and financial system in 1913-14?

• A. The Interstate Commerce Act, The Sherman Antitrust Act, and the Clayton Antitrust Act
• B. The Pure Food and Drug Act, The Meat Inspection Act, and the FDA Act
• C. The Federal Reserve Act, The Federal Trade Commission Act, and the Clayton Antitrust Act
• D. The Revenue Act, The Wagner Act, and the Taft-Hartley Act

Answer: (C)

Three key reforms in 1913–14 expanded the federal government's reach into both money and business. The Federal Reserve Act created a centralized banking system, giving the federal government real influence over monetary policy and financial stability—a major step in federal oversight of the economy. The Federal Trade Commission Act established the FTC to police unfair business practices and maintain competition, broadening federal regulatory power over how businesses operate. The Clayton Antitrust Act strengthened antitrust protections and clarified how mergers and corporate actions could be challenged, further extending federal authority to curb anti-competitive behavior. Taken together, these measures reflect the era’s move toward comprehensive federal oversight of the financial system and economic activity. Other sets either focus on earlier or unrelated reforms, such as pre-1913 consumer protection laws or later labor legislation, which do not fit the 1913–14 expansion in the same way.

Three key reforms in 1913–14 expanded the federal government's reach into both money and business. The Federal Reserve Act created a centralized banking system, giving the federal government real influence over monetary policy and financial stability—a major step in federal oversight of the economy. The Federal Trade Commission Act established the FTC to police unfair business practices and maintain competition, broadening federal regulatory power over how businesses operate. The Clayton Antitrust Act strengthened antitrust protections and clarified how mergers and corporate actions could be challenged, further extending federal authority to curb anti-competitive behavior. Taken together, these measures reflect the era’s move toward comprehensive federal oversight of the financial system and economic activity. Other sets either focus on earlier or unrelated reforms, such as pre-1913 consumer protection laws or later labor legislation, which do not fit the 1913–14 expansion in the same way.